Rising corporate market power: Emerging policy issues

Ufuk Akcigit; Wenjie Chen; null Díez Federico; null Duval Romain; Philipp Engler; null Fan Jiayue; Chiara Maggi; Daniel Schwarz; Ippei Shibata; Marina Tavares; Carolina Villegas Sanchez

Rising corporate market power: Emerging policy issues

Ufuk Akcigit, Wenjie Chen, Díez Federico, Duval Romain, Philipp Engler, Fan Jiayue, Chiara Maggi, Daniel Schwarz, Ippei Shibata, Marina Tavares, Carolina Villegas Sanchez

Esade

Research output: Working paper

Abstract

Corporate market power has risen in recent decades, and new estimates in this note suggest that the likely wave of small and medium-sized enterprise bankruptcies from the ongoing pandemic will further strengthen market concentration. Whether and how policymakers should address this issue is hotly debated. This note provides new evidence on the policy relevance of rising market power and highlights possible implications for the design of competition policy frameworks and macroeconomic policies.

Original language	English
Number of pages	34
ISBN (Electronic)	9781513512082/2617
Publication status	Published - 1 Mar 2021

Publication series

Name	Staff Discussion Notes
No.	2021/001

Access to Document

https://www.imf.org/en/Publications/Staff-Discussion-Notes/Issues/2021/03/10/Rising-Corporate-Market-Power-Emerging-Policy-Issues-48619#:~:text=Summary%3A,this%20issue%20is%20hotly%20debated

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Akcigit, U., Chen, W., Díez Federico, Duval Romain, Engler, P., Fan Jiayue, Maggi, C., Schwarz, D., Shibata, I., Tavares, M., & Villegas Sanchez, C. (2021). Rising corporate market power: Emerging policy issues. (Staff Discussion Notes; No. 2021/001). https://www.imf.org/en/Publications/Staff-Discussion-Notes/Issues/2021/03/10/Rising-Corporate-Market-Power-Emerging-Policy-Issues-48619#:~:text=Summary%3A,this%20issue%20is%20hotly%20debated

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Akcigit, U, Chen, W, Díez Federico, Duval Romain, Engler, P, Fan Jiayue, Maggi, C, Schwarz, D, Shibata, I, Tavares, M & Villegas Sanchez, C 2021 'Rising corporate market power: Emerging policy issues' Staff Discussion Notes, no. 2021/001. <https://www.imf.org/en/Publications/Staff-Discussion-Notes/Issues/2021/03/10/Rising-Corporate-Market-Power-Emerging-Policy-Issues-48619#:~:text=Summary%3A,this%20issue%20is%20hotly%20debated>

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AU - Akcigit, Ufuk

AU - Chen, Wenjie

AU - Díez Federico, null

AU - Duval Romain, null

AU - Engler, Philipp

AU - Fan Jiayue, null

AU - Maggi, Chiara

AU - Schwarz, Daniel

AU - Shibata, Ippei

AU - Tavares, Marina

AU - Villegas Sanchez, Carolina

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AB - Corporate market power has risen in recent decades, and new estimates in this note suggest that the likely wave of small and medium-sized enterprise bankruptcies from the ongoing pandemic will further strengthen market concentration. Whether and how policymakers should address this issue is hotly debated. This note provides new evidence on the policy relevance of rising market power and highlights possible implications for the design of competition policy frameworks and macroeconomic policies.

M3 - Working paper

T3 - Staff Discussion Notes

BT - Rising corporate market power: Emerging policy issues

ER -

Rising corporate market power: Emerging policy issues

Abstract

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